Charles Keating III

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Charles Keating III
Personal information
Full name Charles Humphrey Keating III
National team United States
Born (1955-08-20) August 20, 1955 (age 61)
Cincinnati, Ohio
Height 6 ft 1 in (1.85 m)
Weight 179 lb (81 kg)
Sport
Sport Swimming
Strokes Breaststroke
Club Gatorade Swim Club
College team Indiana University

Charles Humphrey Keating III (nicknamed C3;[1] born August 20, 1955) is an American former competitive swimmer and real estate executive. He represented the United States in swimming at the 1976 Summer Olympics in Montreal, Quebec.[2] He was convicted of fraud in the savings and loan crisis, along with his more famous father, but the charges against him were later dismissed. His son, a Navy SEAL operator, was the third American servicemember to be killed while fighting ISIL in Iraq, in 2016.

Early life and swimming[edit]

Charles Keating III was born to Mary Elaine (Fette) and Charles Keating, Jr. on August 20, 1955. The elder Keating had won the national college championship in the 200-yard breaststroke at the NCAA swimming and diving championships in 1946. Charles Keating III is also the brother-in-law of four-time Olympic medalist Gary Hall, Sr., and the uncle of ten-time medalist Gary Hall, Jr.

Charles Keating III qualified for Amateur Athletic Union national championships from the age of 13. At St. Xavier High School in Cincinnati, he swam for the state champion varsity team all four years. During his senior year, he won the Ohio state championship in 200 IM and 100 breaststroke.[3][4]

After graduating from St. Xavier in 1973, he went on to swim for Indiana University Bloomington on a scholarship.[5] He graduated in 1977.[2]

Keating won the AAU National Championship in 1976 and represented the United States that year at the Montreal Summer Olympics. He finished fifth in the final of the men's 200-meter breaststroke.[2] He was inducted into the St. Xavier Hall of Fame in 2006[5] and has also been inducted into the Indiana University Hall of Fame.[4]

Real estate[edit]

After graduation, Keating quickly rose through the ranks at his father's American Continental Corporation, becoming an executive vice president by 1986.[1][6]

In 1993, Keating was convicted on 64 counts of fraud and conspiracy as a co-conspirator with his father in the collapse of American Continental and Lincoln Savings and Loan Association (see savings and loan crisis).[7][8] The younger Keating was sentenced to eight years and one month in prison and $97.3 million in restitution but remained free on bail pending appeals.[9][10]

In 1996, U.S. District Judge John Davies overturned their convictions, ruling that the jury in the 1993 case was prejudiced by rulings against the elder Keating at the state level.[10] In April 1999, federal prosecutors agreed to a plea bargain with the elder Keating in which all outstanding charges were dismissed against his son.[7][9][11]

After the scandal, Keating continued to work as a real estate developer in Phoenix.[3]

Charles Keating IV[edit]

Keating III's son, Charles Keating IV, graduated from Arcadia High in 2004[12] and went on to compete for the Cross Country team at Indiana University. After two athletic seasons, Keating IV joined the Navy SEALs and trained at the Naval Amphibious Base Coronado in California.[13] He was deployed to the American-led intervention in Iraq, supporting Iraqi Kurdistan's Peshmerga forces in an advise and assist mission in a 30-man unit.

On May 3, 2016, Keating IV, a petty officer, first class, was killed by small arms fire during an ISIL assault on a Peshmerga position approximately 3 to 5 kilometers behind enemy lines, near the town of Tel Asqof, 28-30km north of Mosul.[14] ISIL militants broke into the position using three truck bombs followed by bulldozers which cleared the wreckage away, the U.S. responded with fighter, bomber and drone carrying out 31 airstrikes; which killed 58 IS militants and destroyed 20 vehicles, stopping the attack.[15] Keating IV was part of a nearly 20-man QRF that was sent to rescue a dozen U.S. advisors and to assist the Peshmerga, during the battle the SEALs ran low on ammunition and Keating's machine gun malfunctioned so he went back to a nearby coalition vehicle to get a new weapon and additional ammunition. Keating, now armed with a sniper rifle, climbed on top of a building and began firing on the ISIS fighters. It was at this point that Keating was struck by enemy fire, he was medevac'd to a hospital where he was declared dead.[16][17][18][19] Arizona governor Doug Ducey ordered state flags be flown at half mast on May 4.[20] He was posthumously awarded the Silver Star for his actions in a battle against about 100 ISIS fighters on March 4, 2016, in Syria.[21] The award was later upgraded to a Navy Cross, the US military's second highest award for valor.[22]

See also[edit]

References[edit]

  1. ^ a b Furlong, Tom (March 13, 1988). "Developer With a Cause Battles on Many Fronts". Los Angeles Times. 
  2. ^ a b c "Olympics". sports-reference. Retrieved July 17, 2012. 
  3. ^ a b "Blast from the Past". The Cincinnati Post. E. W. Scripps Company. February 22, 1996. p. C3. Retrieved September 29, 2010 – via HighBeam Research. (subscription required (help)). 
  4. ^ a b "2006 Inductees". St. Xavier High School. 2006. Retrieved December 27, 2015. 
  5. ^ a b Katzowitz, Josh (February 7, 2006). "Muskies Up Early for Practice". The Cincinnati Post. E. W. Scripps Company. Retrieved December 27, 2015 – via HighBeam Research. (subscription required (help)). 
  6. ^ Lavin, Cheryl (January 14, 1990). "Charlie's web". Chicago Tribune. p. 5-1. 
  7. ^ a b Knapp, Michael C. (July 24, 2014). Contemporary Auditing: Real Issues and Cases (10th ed.). Boston: Cengage Learning. p. 104. ISBN 128506660X – via Google Books. 
  8. ^ Albrecht, W. Steve; Albrecht, Chad O.; Albrecht, Conan C.; Zimbelman, Mark F. (2012). Fraud Examination (5th ed.). Boston: Cengage Learning. p. 47. ISBN 978-1-305-07914-4 – via Google Books. 
  9. ^ a b White, Michael (April 7, 1999). "Keating pleads guilty to fraud". The Cincinnati Enquirer. Gannett Company. Associated Press. Retrieved December 27, 2015. 
  10. ^ a b Rickard, E. Scott (December 3, 1996). "Keating fraud conviction tossed out". The Cincinnati Enquirer. Gannett Company. Associated Press. Retrieved December 27, 2015. 
  11. ^ Mrozek, Thom (April 6, 1999). "Charles Keating pleads guilty to federal fraud charges; four criminal convictions resolve 10-year-old case" (Press release). United States Attorney for the Central District of California. Archived from the original on 1999-09-21. 
  12. ^ "Arcadia High School's Charles Keating IV is in for a big day". azcentral. May 3, 2016. 
  13. ^ "Navy SEAL Killed in Iraq Identified as Former Track Star from Arizona". Military.com. 
  14. ^ "Navy SEAL killed by ISIS fire in Iraq identified". Navy Times. May 4, 2016. Retrieved May 4, 2016. 
  15. ^ "Inside the Battle With ISIS That Killed a US Navy SEAL". ABC news. May 4, 2016. 
  16. ^ "Revelation of March ISIS battle highlights risks for U.S. troops". CNN. June 20, 2016. 
  17. ^ "U.S. Navy SEAL killed in Iraq battle vs. ISIS". CBS. May 3, 2016. 
  18. ^ "US serviceman killed in Iraq as IS breaches Peshmerga lines". May 3, 2016. 
  19. ^ "Navy SEAL Charles Keating IV killed in Iraq after ISIS breaks through Peshmerga lines". CNN. May 3, 2016. 
  20. ^ "Governor Doug Ducey Orders The Lowering Of Flags For Navy SEAL Killed In Iraq". Office of the Arizona Governor. 
  21. ^ "Revelation of March ISIS battle highlights risks for U.S. troops". CNN. June 20, 2016. 
  22. ^ Sisson, Paul. "Navy upgrades valor medals for 17 special-operations troops". sandiegouniontribune.com. Retrieved 2017-04-18.